Mondelez International, Inc. (MDLZ) Holdings Reduced by Pillar Pacific Capital Management LLC
Pillar Pacific Capital Management LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,288 shares of the company’s stock after selling 1,125 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Mondelez International were worth $574,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after purchasing an additional 1,041,124 shares in the last quarter. Lindsell Train Ltd boosted its stake in shares of Mondelez International by 23.3% in the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after purchasing an additional 2,740,400 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Mondelez International by 32.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after purchasing an additional 3,056,900 shares in the last quarter. Finally, Parnassus Investments CA boosted its stake in shares of Mondelez International by 9.8% in the 1st quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock valued at $478,548,000 after purchasing an additional 1,020,219 shares in the last quarter. 75.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on MDLZ. Piper Jaffray Companies began coverage on shares of Mondelez International in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 price target on the stock. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. UBS AG restated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research note on Thursday, July 6th. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.33.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.
Shares of Mondelez International, Inc. (MDLZ) opened at 41.19 on Tuesday. The firm has a market capitalization of $62.10 billion, a P/E ratio of 36.23 and a beta of 1.20. The company’s 50-day moving average is $42.86 and its 200 day moving average is $44.15. Mondelez International, Inc. has a 52-week low of $40.22 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. During the same period last year, the business earned $0.44 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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